Professional Service Firms
We understand the professional services industry since we are part of it ourselves.
Minnesota Professional Service Firm Accounting experts.
Professional service firms are looking to maximize profits, improve cash flow and build businesses with high value to support eventual sale or succession. We have a solid history of developing strategies to achieve these desired results. Our tax experts work with a wide variety of professional service firms to make sure they thoughtfully plan ways to minimize taxes and maximize the bottom line.
We specialize in the following industries
Our EXPERIENCE.
Smith Schafer has provided consulting to firm partners throughout Minnesota since 1971. Our Industry Expert Group, comprised of numerous professionals, is committed to serving over 350 Minnesota Professional Service Firms. Some of our clients have less than 10 professionals, while others have several offices around the country with hundreds of staff. Our extensive services enable us to move beyond tax and compliance to provide the advice you need to achieve your business goals.
We understand the industry and what keeps you up at night
Succession Planning
Partner buy-in/buy-out
Pass-through income
Cash Flow Plan, Prep & Forecasting
Restructuring Agreements
specialized professional service firm industry services
- Accounting Software Consulting
- 401(k) and 403(b) Plan Audits
- Bookkeeping & Payroll
- Business Valuation
- Projections & Financial Analysis
- Technology Consulting
Industry Involvement
Why Professional Service Clients Choose Us
Professional Service Firm Industry Resources
Electrical Industry – Top 10 Tax Questions
Smith Schafer Tax Manager, Kyle Spicer, gave a tax presentation at the Minnesota Electrical Association Partner & Profit event.
Building Value in Your Business
Smith Schafer Valuation Expert, John Edson, presented at our free educational seminar at Rochester Golf & Country Club April 25, 2018.
Handling Law Firm Start-Up Expenses For Tax Purposes
If you are starting a new law firm, you may incur several different types of “pre-opening expenses.”